Enphase Energy, Inc. (ENPH) quarterly balance sheet — complete assets, liabilities & equity history
Enphase Energy, Inc. (ENPH) balance sheet — 17-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 1.88B | 1.95B | 1.83B | 2.61B | 2.39B | 2.29B | 2.2B | 2.33B | 2.36B | 2.24B | 2.3B | 2.44B | 2.6B | 2.56B | 2.51B | 2.26B | 1.98B | 1.74B | 1.56B | 1.46B |
| Cash & Short-Term Investments | 931.85M | 967.06M | 930.64M | 1.51B | 1.48B | 1.53B | 1.47B | 1.72B | 1.77B | 1.65B | 1.63B | 1.7B | 1.78B | 1.8B | 1.78B | 1.61B | 1.42B | 1.25B | 1.06B | 1.02B |
| Cash Only | 380.4M | 529.34M | 497.55M | 474.32M | 401.88M | 370.54M | 350.08M | 464.12M | 256.32M | 252.1M | 253.65M | 288.75M | 290.07M | 278.68M | 286.05M | 473.24M | 337.58M | 495.47M | 251.85M | 119.32M |
| Short-Term Investments | 551.45M | 437.72M | 433.1M | 1.04B | 1.08B | 1.16B | 1.12B | 1.25B | 1.51B | 1.39B | 1.38B | 1.41B | 1.49B | 1.52B | 1.49B | 1.14B | 1.08B | 752.33M | 811.62M | 897.34M |
| Accounts Receivable | 249.94M | 273.61M | 196.58M | 265.86M | 265.51M | 265.6M | 225.63M | 265.75M | 232.22M | 319.21M | 405.28M | 445.96M | 599.8M | 558.38M | 516.11M | 440.9M | 367.65M | 312.45M | 358.31M | 357.13M |
| Days Sales Outstanding | 82.1 | 73.3 | 73.56 | 71.2 | 59.53 | 61.55 | 62.1 | 59.85 | 66.6 | 108.63 | 147.08 | 158.99 | 96.68 | 68.75 | 59.32 | 51.33 | 49.29 | 57.56 | 72.96 | 72.74 |
| Inventory | 243.71M | 285.02M | 290.7M | 288.05M | 188.65M | 173.02M | 144.03M | 165M | 158.84M | 176.07M | 207.89M | 213.59M | 174.11M | 166.11M | 150.56M | 149.71M | 146.45M | 130.27M | 96.44M | 74.4M |
| Days Inventory Outstanding | 146.33 | 224.2 | 142.7 | 114.63 | 77.67 | 74.87 | 74.03 | 80.78 | 76 | 105.06 | 129.73 | 114.39 | 54.14 | 37.16 | 33.81 | 32.91 | 34.7 | 33.15 | 29.08 | 25.79 |
| Other Current Assets | 0 | -29.35M | 412.35M | 312.6M | 34.66M | 0 | 360.74M | 83.83M | 42.58M | 0 | 0 | 48.69M | 40.83M | 35.81M | 67.57M | 60.82M | 28.92M | 26.54M | 24.87M | 2.1M |
| Total Non-Current Assets | 994.21M | 968.72M | 893.65M | 902.93M | 928.7M | 889.85M | 908.84M | 922.59M | 903.31M | 924.93M | 930.41M | 939.49M | 955.31M | 905.09M | 868.22M | 820.01M | 715.17M | 701.12M | 704.49M | 616.79M |
| Property, Plant & Equipment | 169.95M | 136.45M | 138.87M | 136.8M | 131.32M | 162.68M | 142.22M | 172.13M | 176.56M | 171.46M | 178.18M | 188.13M | 194.17M | 174.61M | 154.91M | 132.75M | 109.93M | 103.77M | 104.52M | 96.59M |
| Fixed Asset Turnover | 1.91x | 2.12x | 2.05x | 2.56x | 2.79x | 2.38x | 2.27x | 2.20x | 2.19x | 1.74x | 1.44x | 1.58x | 2.99x | 4.32x | 5.05x | 5.97x | 5.94x | 5.09x | 4.39x | 4.46x |
| Goodwill | 213.09M | 213.23M | 213.74M | 214.76M | 214.41M | 214.89M | 212.36M | 211.57M | 214.29M | 213.24M | 213.63M | 214.56M | 213.19M | 214.29M | 213.88M | 213.56M | 195.51M | 197M | 195.64M | 181.25M |
| Intangible Assets | 8.6M | 13.08M | 17.56M | 22.29M | 27.33M | 32.38M | 37.41M | 42.4M | 51.15M | 56.72M | 62.63M | 68.54M | 79.15M | 85.96M | 92.76M | 99.54M | 90.92M | 96.89M | 103.17M | 97.76M |
| Long-Term Investments | 0 | 239.88M | 0 | 0 | 0 | 170.37M | 0 | 175.79M | 196.32M | 200.44M | 201.49M | 0 | 203.16M | 183.26M | 0 | 157.77M | 129.06M | 119.05M | 113.06M | 0 |
| Other Non-Current Assets | 280.95M | 76.41M | 211.71M | 222.68M | 234.75M | -2.72M | 211.45M | 5.14M | -10.88M | 3.76M | 12.63M | 215.9M | 12.12M | 12.03M | 184.14M | 11.52M | 11.38M | 10.1M | 7.81M | 118.73M |
| Total Assets | 2.88B | 2.92B | 2.72B | 3.51B | 3.32B | 3.18B | 3.11B | 3.25B | 3.26B | 3.17B | 3.23B | 3.38B | 3.55B | 3.47B | 3.38B | 3.08B | 2.7B | 2.44B | 2.26B | 2.08B |
| Asset Turnover | 0.10x | 0.10x | 0.09x | 0.10x | 0.13x | 0.12x | 0.11x | 0.12x | 0.12x | 0.09x | 0.08x | 0.09x | 0.16x | 0.21x | 0.22x | 0.25x | 0.25x | 0.23x | 0.20x | 0.19x |
| Asset Growth % | -13.36% | -8.16% | -12.3% | 8% | 1.72% | 0.39% | -3.92% | -3.94% | -8.15% | -8.64% | -4.37% | 9.69% | 31.73% | 42.21% | 49.38% | 48.34% | 20.97% | 16.02% | 3.15% | 73.26% |
| Total Current Liabilities | 460.1M | 565.16M | 481.78M | 1.26B | 1.17B | 1.16B | 1.16B | 660.09M | 567.48M | 529.63M | 554.1M | 532.45M | 774.39M | 743.61M | 729.29M | 638.22M | 550.24M | 480.01M | 453.76M | 439.8M |
| Accounts Payable | 100.61M | 124.59M | 113.46M | 203.04M | 188.57M | 162.7M | 115.37M | 90.03M | 112.42M | 79.65M | 71.75M | 116.16M | 90.12M | 79.08M | 106.15M | 125.08M | 92.82M | 90.4M | 104.74M | 113.77M |
| Days Payables Outstanding | 62.33 | 92.7 | 78.04 | 94.17 | 75.44 | 65.67 | 49.21 | 50.5 | 43.59 | 41.42 | 57.84 | 60.86 | 26.92 | 21.73 | 26.04 | 24.21 | 22.98 | 28.53 | 37.2 | 37.99 |
| Short-Term Debt | 0 | 0 | 0 | 632.18M | 631.68M | 637.26M | 630.68M | 101.29M | 99.93M | 103.72M | 97.26M | 0 | 100.06M | 99.16M | 92.11M | 90.89M | 89.65M | 88.43M | 90.94M | 86.05M |
| Deferred Revenue (Current) | 170.56M | 224.27M | 144.32M | 180.52M | 111.49M | 129.04M | 167.77M | 237.22M | 129.56M | 123.58M | 119.82M | 118.3M | 114.03M | 109.18M | 99.82M | 90.75M | 79.61M | 74.07M | 68.69M | 62.67M |
| Other Current Liabilities | 26.99M | 16.63M | 28.41M | 29.04M | 31.47M | 213.34M | 33.3M | 34.66M | 205M | 202.52M | 244.14M | 36.07M | 362.62M | 360.35M | 34.51M | 291.97M | 250.59M | 29.2M | 172.27M | 19.39M |
| Current Ratio | 4.09x | 3.45x | 3.80x | 2.07x | 2.04x | 1.97x | 1.90x | 3.53x | 4.16x | 4.23x | 4.16x | 4.59x | 3.36x | 3.44x | 3.45x | 3.55x | 3.60x | 3.62x | 3.44x | 3.33x |
| Quick Ratio | 3.56x | 2.95x | 3.20x | 1.84x | 1.88x | 1.82x | 1.77x | 3.28x | 3.88x | 3.90x | 3.78x | 4.19x | 3.13x | 3.22x | 3.24x | 3.31x | 3.34x | 3.35x | 3.22x | 3.16x |
| Cash Conversion Cycle | 166.11 | 204.8 | 138.22 | 91.66 | 61.76 | 70.75 | 86.92 | 90.13 | 99.02 | 172.26 | 218.97 | 212.52 | 123.89 | 84.17 | 67.09 | 60.02 | 61.01 | 62.18 | 64.84 | 60.53 |
| Total Non-Current Liabilities | 1.17B | 1.17B | 1.14B | 1.16B | 1.15B | 1.14B | 1.14B | 1.76B | 1.77B | 1.75B | 1.76B | 1.87B | 1.76B | 1.75B | 1.68B | 1.62B | 1.54B | 1.51B | 1.48B | 1.21B |
| Long-Term Debt | 573.16M | 572.84M | 572.51M | 572.19M | 571.87M | 571.54M | 571.21M | 1.2B | 1.2B | 1.2B | 1.2B | 1.29B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 951.59M |
| Capital Lease Obligations | 0 | 31.43M | 31.01M | 0 | 24.26M | 25.94M | 26.56M | 23.04M | 25.73M | 18.2M | 18.78M | 0 | 19.71M | 20.31M | 19.12M | 0 | 16.95M | 16.18M | 17.59M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 246.6M | 209.76M | 210.03M | 250.5M | 212.48M | 206.55M | 204.62M | 190.45M | 185.14M | 181.59M | 160.7M | 204.03M | 182.16M | 173.97M | 139.59M | 139.41M | 81.99M | 75.04M | 61.29M | 70.51M |
| Total Liabilities | 1.64B | 1.74B | 1.62B | 2.42B | 2.33B | 2.3B | 2.3B | 2.42B | 2.33B | 2.28B | 2.31B | 2.4B | 2.54B | 2.49B | 2.41B | 2.26B | 2.09B | 1.99B | 1.93B | 1.65B |
| Total Debt | 573.16M | 613.37M | 612.13M | 1.21B | 1.23B | 1.23B | 1.23B | 1.33B | 1.33B | 1.32B | 1.32B | 1.3B | 1.32B | 1.32B | 1.32B | 1.29B | 1.31B | 1.31B | 1.31B | 1.04B |
| Net Debt | 192.76M | 84.02M | 114.58M | 738.27M | 831.74M | 864.2M | 884.53M | 867.12M | 1.08B | 1.07B | 1.07B | 1.01B | 1.03B | 1.04B | 1.03B | 817.11M | 971.85M | 810.73M | 1.05B | 922.16M |
| Debt / Equity | 0.46x | 0.52x | 0.56x | 1.12x | 1.24x | 1.40x | 1.52x | 1.60x | 1.43x | 1.49x | 1.43x | 1.32x | 1.30x | 1.36x | 1.36x | 1.56x | 2.15x | 2.90x | 3.94x | 2.42x |
| Debt / EBITDA | 21.57x | 8.55x | - | 28.72x | 14.28x | 21.63x | 23.82x | 17.64x | 19.06x | 59.30x | - | 122.43x | 9.58x | 7.02x | 7.15x | 7.46x | 8.72x | 12.09x | 17.19x | 15.17x |
| Net Debt / EBITDA | 7.25x | 1.17x | - | 17.48x | 9.63x | 15.14x | 17.06x | 11.49x | 15.39x | 47.98x | - | 95.21x | 7.47x | 5.54x | 5.60x | 4.72x | 6.47x | 7.50x | 13.88x | 13.43x |
| Interest Coverage | -9.92x | 21.58x | -19.74x | 47.68x | 93.79x | 52.79x | 23.91x | 31.95x | 23.68x | 1.34x | -4.24x | 6.39x | 63.54x | 84.19x | 84.01x | 74.79x | 60.54x | 43.53x | 21.98x | 4.98x |
| Total Equity | 1.24B | 1.18B | 1.1B | 1.09B | 995.02M | 880.64M | 810.7M | 833.02M | 931.37M | 884.52M | 922.72M | 983.62M | 1.01B | 972.59M | 970.09M | 825.57M | 610.05M | 451M | 330.98M | 430.17M |
| Equity Growth % | 24.82% | 34.2% | 35.98% | 30.49% | 6.83% | -0.44% | -12.14% | -15.31% | -8.21% | -9.05% | -4.88% | 19.14% | 66.33% | 115.65% | 193.1% | 91.92% | -5.83% | -22.83% | -54.84% | -11.12% |
| Book Value per Share | 9.19 | 8.90 | 8.39 | 8.14 | 7.48 | 6.51 | 5.95 | 6.03 | 6.66 | 6.50 | 6.79 | 7.07 | 7.05 | 6.70 | 6.65 | 5.64 | 4.18 | 3.14 | 2.29 | 3.04 |
| Total Shareholders' Equity | 1.24B | 1.18B | 1.1B | 1.09B | 995.02M | 880.64M | 810.7M | 833.02M | 931.37M | 884.52M | 922.72M | 983.62M | 1.01B | 972.59M | 970.09M | 825.57M | 610.05M | 451M | 330.98M | 430.17M |
| Common Stock | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K |
| Retained Earnings | -151.84M | -175.22M | -211.3M | -203.9M | -242.58M | -309.22M | -315.86M | -245.21M | -104.93M | -100.89M | -11.82M | 46.27M | 125.35M | 189.54M | 164.21M | 17.34M | -136.42M | -251.23M | -328.21M | -405.74M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -68.14M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -11.12M | -7.6M | -5.82M | 1.75M | 3.32M | 5.36M | -1.61M | -6.35M | 3.26M | -7.95M | -6.77M | -1.99M | -9.76M | -6.85M | -6.73M | -10.88M | -15.54M | -11.24M | -7.32M | -2.02M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |